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Kyrgyzstan significantly increases trade turnover with Turkmenistan

Business Materials 15 November 2021 16:05 (UTC +04:00)

BAKU, Azerbaijan, Nov. 15

Trend:

The volume of trade between Kyrgyzstan and Turkmenistan in 8M2021 amounted to $23.8 million, Trend reports citing the National Statistical Committee of Kyrgyzstan.

According to the Committee, the volume of trade between countries increased by 2.5 times compared to the same period last year, when trade amounted to $9.2 million. It is noted that from January to August 2021, the share of Turkmenistan in the total foreign trade of Kyrgyzstan amounted to 0.5 percent.

At the same time, the volume of exports of Kyrgyz products to Turkmenistan amounted to $2.9 million, which is 17.8 percent less than in the same period in 2020 ($3.5 million). The share of Turkmenistan in the export of Kyrgyzstan amounted to 0.2 percent.

In addition, the volume of imports from Turkmenistan to Kyrgyzstan during the reporting period reached $20.9 million, which is 3.6 times more than in the first eight months of last year ($5.7 million). The share of Turkmenistan in Kyrgyzstan's imports amounted to 0.5 percent at the end of the reporting period in 2021.

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